|(a) The assessment shall be collected at collection
points determined by the Council. Except as provided by subsection
(b) of this section, the collection point shall collect the assessment
by deducting the appropriate amount from the purchase price of the
cattle or from any funds advanced for that purpose.
(b) If the producer and collecting person are the same
legal entity, or if the producer retains ownership after processing,
the collecting person shall collect the assessment directly from the
producer at the time of processing/sale.
(c) The secretary-treasurer of the Council, by registered
or certified mail, shall notify each known collection point of the
duty to collect the assessment, the manner in which the assessment
is to be collected, and the date on or after which the collection
point is to begin collecting the assessment.
(d) The amount of the assessment collected shall be
clearly shown on the sales invoice or other document evidencing the
transaction. The collecting person shall furnish a copy of the document
to the producer.
(e) Unless otherwise provided by the original referendum,
no later than the 15th day of each month, the collection point shall
remit the amount collected during the previous month to the secretary-treasurer
of the Council, along with a completed form prescribed by the board
reflecting such amount.
(f) The timeliness of a payment to the Council shall
be based on the applicable postmark date or the date actually received
by the Council, whichever is earlier.